{"id":80866,"date":"2021-06-15T04:50:56","date_gmt":"2021-06-15T04:50:56","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/resolute-forest-products-invests-50-million-sawmills\/"},"modified":"2025-09-19T08:55:39","modified_gmt":"2025-09-19T08:55:39","slug":"resolute-forest-products-invests-50-million-sawmills","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/resolute-forest-products-invests-50-million-sawmills\/","title":{"rendered":"Resolute Forest Products invests $50 million in its sawmills"},"content":{"rendered":"<div class=\"article-content\">\n<p><em>Resolute Forest Products\u00a0Inc. announced additional capital investments of $50\u00a0million in its wood products operations to support its continued growth, and it confirmed the repayment of all amounts outstanding under its revolving and term credit facilities, reducing debt by $180\u00a0million in the 2Q.<\/em><\/p>\n<p>\"The cash generated with our lumber platform in these strong lumber markets provides the opportunity to share benefits directly with shareholders,\" said Remi G. Lalonde, president and CEO. \"We're also enhancing long-term value by improving our company fundamentals with investments in high-return and quick payback lumber projects in three key regions for Resolute: the Abitibi in Quebec, Northwestern Ontario and the Southeast U.S. \u201d<\/p>\n<p>The additional\u00a0$50 million\u00a0in wood products investments include:<\/p>\n<p>- $22 million\u00a0to modernize equipment at the\u00a0Senneterre\u00a0(Quebec) sawmill, which will enhance overall efficiency and productivity of the Abitibi regional operations;<\/p>\n<p>- $13 million\u00a0at the\u00a0Thunder Bay\u00a0\/ Fort William First Nation (Ontario) sawmill to increase capacity by up to 40 million board feet with new equipment and modifications to the fiber flow; and<\/p>\n<p>- $15 million\u00a0at the\u00a0Glenwood\u00a0(Arkansas) and\u00a0Cross City\u00a0(Florida) sawmills to support fiber optimization and overall efficiency. The\u00a0Cross City\u00a0investment will also increase capacity by up to 20 million board feet.<\/p>\n<p>Each of these projects will serve to generate additional value from Resolute's wood products segment across market cycles. The improvements at the U.S. sawmills build on the previously announced investments associated with the restart of the\u00a0El Dorado\u00a0(Arkansas) sawmill. The company anticipates completing all the projects by the end of the 3Q 2022. Accordingly, it is raising its 2021 capital investments guidance from $100\u00a0million to $125\u00a0million.<\/p>\n<\/div>\n<h2 class=\"section-title\"><\/h2>","protected":false},"excerpt":{"rendered":"<p>Resolute Forest Products\u00a0Inc. announced additional capital investments of $50\u00a0million in its wood products operations to support its continued growth, and it confirmed the repayment of all amounts outstanding under its revolving and term credit facilities, reducing debt by $180\u00a0million in &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/resolute-forest-products-invests-50-million-sawmills\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":59766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716],"tags":[3452,3390,3511,3348],"class_list":["post-80866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","tag-forest-products","tag-investments","tag-resolute","tag-sawmills","topic-forestry","topic-sawmilling","area-north-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - 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